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The Global Water Soluble Packaging Market is estimated to be valued at USD 2.8 Billion in 2019 and is projected to reach USD 3.7 Billion by 2025, recording a CAGR of 5.0%.
Top Companies Profiled in the Water Soluble Packaging Market:
- Lithey Inc. (India)
- Mondi Group (Austria)
- Sekisui Chemicals (Japan)
- Kuraray Co. Ltd. (Japan)
- Mitsubishi Chemical Holdings (Japan)
- Aicello Corporation (Japan)
- Aquapak Polymer Ltd (UK)
- Lactips (France)
- Cortec Corporation (US)
- Acedag Ltd. (UK)
- MSD Corporation (China)
- Prodotti Solutions (US)
- JRF Technology LLC (US)
- Amtopak Inc. (US)
- SmartSolve Industries (CMC Group) (US)
- Guangdong Proudly New Material (China)
- Arrow Greentech Ltd. (India)
- Amtrex Nature Care Private Ltd. (India)
- Solupak (UK)
- Decomer Technology (Estonia)
“By raw material, the polymer segment is accounted for the largest share in 2018.”
The polymer segment accounted for a major share in the global water soluble market, on the basis of raw material, in 2018. Polymers such as polyvinyl alcohol are majorly used as the water soluble material for manufacturing of packaging. Due to varied application of such polymers, along with higher availability of sources such as petrochemicals and plants (starch), the segment has accounted to have a significant share in the water soluble packaging market.
“By end use, the industrial segment in the water soluble packaging market is estimated to account for the largest share.”
Based on end use, the water soluble packaging market is segmented into industrial, residential, and others. The industrial sector is estimated to account for the largest share for water soluble packaging, because most of the industrial manufacturing companies are focusing toward reduction of waste generation from their manufacturing units and showing interest in making their processes more sustainable by replacing the usage of plastics.
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